Allowed

Bank of India v. Sri Nampalli Teja Prasanna Rajesh

DRT7 Jan 2026OA/979/2025

Case brief

AI extract

What is this about?

In an Original Application for debt recovery, the Debts Recovery Tribunal-IV, Hyderabad disposed of the matter ex-parte against three defendants. The Tribunal accepted the bank's evidence, held them jointly and severally liable, and allowed the application for recovery of the claim, interest, and costs with a recovery certificate.

What did the court decide?

Defendants directed to pay Rs. 70,05,477.76 with future interest; recovery certificate issued; applicant permitted to proceed against mortgaged property and defendants.

Bank of India versus Sri Nampalli Teja Prasanna… — Contract and Commercial Disputes | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD

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DATED THIS THE OTTH DAY OF JANUARY, 2026

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A.

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PRESIDING OFFICER

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ORIGINAL APPLICATION No: 979 OF 2025

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Bank of India., Asset Recovery Branch, Office at 10-1-1199, 1't Floor, PTI Buildings AC Guards, Hyderabad, Telangana-500004. Rep. by its Authorized Signatory

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....Applicant.

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Versus

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Sri Nampalli Teja Prasanna Rajesh S/o. Naga Brahmachari, H.No.5-3-9 MIG-9, APHB Colony, Phase-I Tirumala Nagar, Moula Ali,^Hyderabad Telangana - 500040.

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Also at:-

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Sri Nampalli Teja^{Prasanna Rajesh} S/o. Naga Brahmachari,^H.No.1-591 Gandepalli, Kanchikacherla^Mandal Krishna District, A.P -^521185.

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Also at:-

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Sri NamPalli Teja^{Prasanna Rajesh} S/o. Naga Brahmachari,^{H.No.3-5-30/2} Plot No.111, North^{Krishna Nagar Colony} Mallapur Village,^Hyderabad -^500076.

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Also at:-

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Sri NamPalli^{Teja Prasanna Rajesh} S/o. Naga Brahmachari,^{H.No.3-5-30/2} Plot No.111,^{North Krishna Nagar Colony} Mallapur, Kapra Circle,^{Uppal Mandal} Medchal Malkaigiri^District -^500076'

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Sri. AYancha^VijaYshankar S/o. A Chalapathi^{Rao, H.No.3-5-247/203} Sai Nilayam,^{Krishna Nagar Colony'',1n,,,i.} "

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oA.NO.979/2025

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Mou la Ali, Hyderabad, Tela nga na-500040.

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Also at:-

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Sri. Ayancha Vijayshankar, S/o. A Chalapathi Rao, H.No.1-25, Pa mid imarru, Nagaram Guntur, Andhra Pradesh - 522258.

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Also at:-

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Sri. Ayancha Vijayshankar, S/0. A Chalapathi Rao, H.No.3-5-30/2, North Krishna Nagar Colony, Mallapur, Kapra Circle, Uppal Mandal N4edchal Malkajgiri District - 500076.

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14akkapati Rajendra Prasad S/o. M. Bhaskar Sarma, Plot No.33 Road No.12, Krishna Nagar Colony I4oula Ali, Hyderabad, Telangana- 500040.

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...DefendanLs

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Counsel for the Applicant : tv/s. Chavan & Associates Defendants : Ex-pa Ex-pa rte

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: Ex-pa Ex-pa rte

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.70,05,477.t6ps i.e., a sum of Rs.69,56,580.07ps towards Star Home Loan A/c. No.860475110000331 and a sum of Rs.48,891.09ps towards Star personal Loan A/c. No.860460110000374 from the defendants joinUy and severally with future interest @9.1syo & @g.25% p.a. from the date of application till the date of realization along with costs and in default for sale of OA schedule property.

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Summons served on D1 to 3. They were set ex-parte on 06.01.2026 as calted absent and no rcpresentation./fu>..,*

| _/^<1t",

oA.NO.97912025

The Applica nt Bank examined Yuvaraj Vinjamuri, Legal Manager, as AW-1 and marked 30 documents through him as Ex. A.1 to Ex. A.30.

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Heard the Ld. Counsel for the Applicant Bank. Perused the material placed on record.

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The point that arises for consideration is:-

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Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule property?

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As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.30 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are^jointly and severally liable to^pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Orlginal Application No.97912025 is allowed as under:^-

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i) The Defendants are jointly and severally liable to pay to the Applicant Bank a total sum of Rs.70,05,477.76ps i.e., a sum of Rs.69,56,580.07ps towards Star Home Loan A/c. No.860475110000331 and a sum of Rs.48,891.09ps towards Star Personal Loan A/c.No.860460110000374,/Nith future a'xu

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oA.NO.979l2025

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interest @8.80o/o p.a. simple from the date of application till the date of realization;

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ii) the OA claim is secured by way of mortgage of property described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debt;

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iii) the applicant bank is also entitled to proceed against the person and properties of defendants for realization of its dues;

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iv) the applicant bank is entitled for the costs.

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The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

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Issue Recovery Certificate accordingly,

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Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed and pronounced by me in the open court on this the 07th Day of January, 2026).

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isflrlh KorHE) PRESIDING OFFICER

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"r*r

Bank of India v. Sri Nampalli Teja Prasanna Rajesh

Case brief

What is this about?

What did the court decide?

Bank of India v. Sri Nampalli Teja Prasanna Rajesh

Case brief

What is this about?

What did the court decide?

What the court decided

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